False Dilemma

Thursday

Feb 26, 2009 at 9:49 PM

False Dilemma
In his Star-News editorial from February 25, 2009, Bob Marcino offers us a stark economic choice between free-market capitalism and European Socialism, which he falsely conflates with a Soviet-style economy.
By doing so, Marcino gives us a false dilemma instead of proposing a real solution. It is utterly dishonest of Marcino to claim that these are our only choices when in fact there are many combinations of free market practices and governmental regulation that are neither laissez-faire systems nor centrally planned systems.
Unregulated financial systems don't work. The last eight years proved that. So it seems to me that good laws do help make for good bankers. The land where virtuous bankers make prudent loans without any government oversight or regulation exists only in Marcino's imagination.
Yuna Shin Wilmington

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